Chapter V SOURCES OF FUNDS

The funds of the Water Users Association shall be raised through the following resources,-

1. (i) Water Charges;
2. (ii) Interest on Deposits;
3. (iii) Deposits from the Members;
4. (iv) Borrowings;
5. (v) Donations;
6. (vi) Contributions by Members;
7. (vii) Grants;
8. (viii) Penalty and penal fees from the Members; and
9. (ix) Fees for the services rendered.

The funds of the Water Users’ Association shall be utilised to fulfill the objects of the Water Users’ Association in the prescribed manner.

In every financial year, the Managing Committee of a Water Users’ Association shall prepare a budget in respect of the next financial year, showing the estimated receipts and expenditure of the Committee and shall place the same before the General Body of the Water Users’ Association for its approval in the prescribed manner.

The Water Users’ Association shall deposit its funds in a Scheduled Bank or a Co-operative Bank or a Urban Bank or a Commercial Bank or a Post Office Savings Bank.

Every Water Users’ Association shall maintain such “Reserve Fund” and utilise the same in the manner as prescribed.

Every Water Users’ Association shall get its accounts audited annually in the prescribed manner.